Impact Analysis of Covid-19
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
Dairy nutritional and nutraceutical ingredients are milk-based ingredients that are rich in essential vitamins such as protein, calcium, and are widely used in the manufacturing of dairy products. This includes yogurt and cheese, infant formulae toppings, ice cream, dietary formulations, energy bars, and cereal, confectionery, low-fat spreads, geriatric nutritional products, and sports foods & beverages.
The global dairy nutritional and nutraceutical ingredients market is projected to reach around US$ 30,887.4 million by the end of 2027, in terms of revenue, growing at CAGR of 8.1% during the forecast period (2020-2027).
Growing awareness regarding the potential health benefits of dairy protein is primarily fueling the market growth of dairy nutritional and nutraceutical ingredients. Consumption of dairy proteins lowers the risk of cardiovascular disease, promote healthy bone growth, and enhance digestion. Moreover, increasing adoption of a healthy lifestyle by consumers is also expected to foster the market growth of dairy nutritional and nutraceutical ingredients.
Figure 1. Global Dairy Nutritional and Nutraceutical Ingredients Market Share (%) in terms of Value, By Region, in 2019
North America region dominated the global dairy nutritional and nutraceutical ingredients market in 2019, accounting for 33.2% share in terms of value, followed by Europe and Asia Pacific, respectively.
The gap in supply and demand in global casein and caseinate coupled with the increasing price of raw materials and manufacturing process are expected to hamper the market growth. Moreover, the lack of awareness regarding the health benefits of dairy protein among consumers is also expected to restraint the market growth of dairy nutritional and nutraceutical ingredients.
Dairy Nutritional and Nutraceutical Ingredients Market Report Coverage
||Market Size in 2019:
||US$ 16,569.5 Mn
|Historical Data for:
||2016 to 2019
||2020 to 2027
|Forecast Period 2020 to 2027 CAGR:
||2027 Value Projection:
||US$ 30,887.4 Mn
- North America: U.S., Canada
- Latin America: Brazil, Argentina, Mexico, Rest of Latin America
- Europe: Germany, U.K., Spain, France, Italy, Russia, Rest of Europe
- Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
- Middle East & Africa: Middle East and Africa
- By Ingredients: Dairy Protein, Prebiotics, Vitamins & Minerals, Colostrum, and Nucleotides
- By Application: Functional Food, Infant Formula & Clinical Nutrition, Dairy Products, Bakery & Confectioneries, and Personal Care
Fonterra Co-operative Group Ltd., Koninklijke DSM N.V., Arla Foods amba, and E.I. DuPont De Nemours and Co.
- Growing awareness regarding the potential health benefits of dairy protein
- Huge demand for milk-based ingredients in skin and hair care cosmetics products
|Restraints & Challenges:
- The gap in supply and demand in global casein and caseinate coupled with the increasing price of raw materials
Growing demand for yogurt in colostrum products for increasing shelf-life of the product is expected to create potential market opportunities in the near future. Yogurt contains various beneficial bacteria that ensure a longer shelf-life of the colostrum products. Moreover, it encourages the growth of healthy bacteria, and the presence of yogurt in colostrum also improves lactose digestion. Hence, increasing use of yogurt in colostrum products will favor the market growth of dairy nutritional and nutraceutical ingredients in the near future.
Increasing use of Immunoglobulin’s from functional and infant formula & clinical nutrition industry is projected to bring new market opportunities over the forecast period. The presence of IgG in bovine colostrum offer passive immunity to the human body and protect them from various diseases. LgG is gaining huge demand from functional food and infant formula & clinical nutrition industries. Thus, the growing demand for Immunoglobulins in functional food is projected to accelerate market growth.
Figure 2. Global Dairy Nutritional and Nutraceutical Ingredients Market– Opportunity Analysis
Ready-to-eat and drink products are gaining traction in the market due to the changing lifestyle of the consumer is expected to propel the market growth of dairy nutritional and nutraceutical ingredients. An increasing number of working women coupled with the increasing spending on healthy food products by consumers due to growing disposable income is further expected to bolster the market growth of dairy nutritional and nutraceutical ingredients.
The rising popularity of organic colostrum due to growing health wellness trends and growing awareness regarding the health benefits of organic food products is expected to fuel the market growth. Moreover, growing awareness regarding the benefits of milk protein is also expected to foster the market growth of the dairy nutritional and nutraceutical ingredients over the forecast timeframe.
Figure 3. Global Dairy Nutritional and Nutraceutical Ingredients Market Share (%) in terms of Value, By Application, in 2019
On the basis of application in 2019, the functional food segment has accounted the largest market share of 43.5% in terms of value, followed by infant formula & clinical nutrition and dairy products segment respectively.
Global Dairy Nutritional and Nutraceutical Ingredients Market - Impact of Coronavirus (Covid-19) Pandemic
Food being an essential commodity, the demand for food ingredients such as dairy ingredients is expected to rise during the pandemic and post pandemic conditions, worldwide. Having said that, Coronavirus (Covid-19) has majorly impacted the food & beverages industry and in turn has changed the dynamics of entire ecosystem including raw material suppliers supplying food ingredients. Lockdown in various nations such as India, China and Spain, among others and cease in the subsequent trade activities has paralyzed the supply chain. Lockdown in various countries is expected to impact supply chain system of dairy ingredients, which will hamper growth of dairy ingredients market for short period.
- Fonterra Co-operative Group Ltd.
- Koninklijke DSM N.V.
- Arla Foods amba
- E.I. DuPont De Nemours and Co.